The Labour Market in the Czech Republic: Trends, Policies and Attitudes

The paper presents various data on employment and unemployment trends, wage developments, and even workers’ opinions and their potential labour market strategies, as reflected in various surveys. In particular, it identifies the existing labour market rigidities and show that the high unemployment resembles a vicious circle, resulting in the emergence of the unemployment trap and benefit dependency. Active labour market policy measures alone appear to be insufficient to deal with this problem.